An Administrative receivership is a way for many lenders to appoint CONSTANTINESCU LAW & INSOLVENCY as an Administrative Receiver to recover the money which is due when a company has breached the rules of its borrowing from a creditor.
Upon appointment, CONSTANTINESCU LAW & INSOLVENCY has extensive powers to notify secured and unsecured creditors of its appointment and to deal with the charged assets, including disposal of assets.
The appointment of CONSTANTINESCU LAW & INSOLVENCY as an Administrative Receiver does not prevent creditors from either continuing with or commencing any legal action against the company, including the petitioning for its insolvency or liquidation.